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Insurance
The Hanover Insurance Group has appointed Richard Lavey as president of Hanover Agency Markets, succeeding John Roche, who was recently named president and CEO of The Hanover. 8 November 2017
Insurance
Aon has named Jim Gloriod as CEO of its US Construction Services Group, responsible for the construction, power and the environmental practices. 8 November 2017
Insurance
Bitspark, a fintech company in Hong Kong developing money exchange technology and placement in the blockchain industry, has secured funding from RGAx, the innovation accelerator of Reinsurance Group of America. 7 November 2017
Insurance
Hiscox enjoyed strong growth in most parts of its portfolio in the first nine months of the year as it noted hardening rates – reaching up to 50 percent in loss-affected US property business – boosted the business. 7 November 2017
Insurance
As revealed by Intelligent Insurer on November 1, ACR Capital Holdings has officially confirmed that its acquisition by Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings will not proceed. 7 November 2017
Insurance
AmTrust Financial Services has agreed to sell a 51 percent equity interest in certain parts of its US-based fee businesses to Madison Dearborn Partners, a private equity firm in a deal that values the business at $1.15 billion, plus up to an additional $50 million upon exit, subject to agreed thresholds. 7 November 2017
Insurance
AmTrust Financial Services has posted a prior year adverse reserve development of $326.9 million on a pre-tax basis for the third quarter ended September 30, 2017. 7 November 2017
Insurance
Lloyd’s syndicate Probitas 1492 appointed Marcus Bale as head of strategy and development for retail as it moves ahead with its growth plans. 6 November 2017
Insurance
Berkshire Hathaway recorded an overall net loss from insurance underwriting of $1.44 billion in the third quarter of 2017 compared to a net income of $272 in the same period a year ago. 6 November 2017
Insurance
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes. 6 November 2017
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